The Eurodollar pair moved positively during the previous trading session after it succeeded in activating the pending purchase order mentioned yesterday at 1.0510, explaining that this can enhance the chances of a rise towards the first target 1.0555, recording its highest level at 1.0586. The technical side today indicates the …
Read More »European stocks are falling under pressure from telecom and utilities stocks
European stocks fell on Thursday, pressured by falling utilities and telecom stocks amid growing fears of an imminent recession. The Stoxx 600 index was down 0.1 percent by 0815 GMT. The index fell for the fourth consecutive session on Wednesday amid growing fears of slowing economic growth ahead of a …
Read More »Nikkei ends transactions near the lowest level in a month affected by economic concerns
The Japanese Nikkei index ended Thursday’s transactions near the lowest level in a month, affected by a weak closing of Wall Street amid economic concerns, as well as the results of companies’ business. The Nikkei fell 0.4 percent to close at 27,574.43 points, its lowest closing level since November 10. …
Read More »Euro hovering around resistance, confirmation of breach supports upside 8/12/2022
We adhered to intraday neutrality during the previous report, due to the conflicting technical signals, explaining that activating buying positions depends on consolidation above 1.0510, to enhance the chances of ascending to visit 1.0560. Technically, we find the euro-dollar pair still hovering around the 1.0510 level, which constitutes one of …
Read More »European stocks fell for the fourth day amid fears of a recession
European stocks fell on Wednesday, December 7, affected by investor anxiety, amid growing fears of a recession, although the strong push of the healthcare sector limited losses. The pan-European Stoxx 600 index fell 0.2%, extending its losses for the fourth consecutive day, after it began to recover from its fall …
Read More »Japan’s Nikkei index is at a 4-week low
Japan’s Nikkei average touched a four-week low on Wednesday, tracking a sell-off in technology stocks on Wall Street overnight, but gains in auto stocks helped limit losses. The Nikkei closed down 0.72% at 27,686.40, after dropping earlier to 27,646.78 for the first time since November 10. Tokyo Electron, which specializes …
Read More »Euro in a sideways, await pending orders 7/12/2022
The pair was trading in a narrow range, and the EUR/USD pair did not show any significant change and was stable from above or below the resistance level of 1.0510 and below the support level of 1.0460. Technically, and with careful consideration, we notice the continuation of the conflicting technical …
Read More »The dollar held firm following strong US data
The US dollar index held firm on Tuesday, posting its biggest gain in two weeks, after strong US service sector data fueled expectations that the Federal Reserve would raise interest rates more than recently expected. The Australian dollar rose from near a one-week low after the Reserve Bank of Australia …
Read More »European stocks are falling under pressure from the banking and energy sectors
European stocks fell on Tuesday, December 6, under pressure from the banking and energy sectors, as strong data on the services sector activity in the United States raised fears that the US Federal Reserve will continue to raise interest rates at large rates. The Stoxx 600 fell by 0.1%, extending …
Read More »Japanese stocks closed higher, supported by chip stocks and exporters
Japanese stocks ended slightly higher on Tuesday, supported by gains in chip-related stocks as well as exporters, which rose on the back of the yen’s decline against the dollar. The Nikkei index increased 0.24 percent, closing at 27,885.87, while the Topix index rose 0.12 percent, closing at 1950.22. The dollar …
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